SMXT vs TENX: Correlation
Solarmax Technology Inc. (SMXT) and Tenax Therapeutics, Inc. (TENX) show a negative relationship: their 3-year correlation of weekly returns is -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMXT and TENX?
Over the past 3 years, SMXT and TENX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.55 over 1 year against -0.47 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -37575.2 %².
Out of 10 assets tracked against SMXT, TENX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months SMXT outperformed by 202.7 percentage points (+139.7% for SMXT against -63.0% for TENX). One caveat on sizing: SMXT is 7.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SMXT vs TENX: side by side
| SMXT (Solarmax Technology Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +139.7% | -63.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 947.0% | 127.0% |
| Beta vs S&P 500 | 2.41 | 0.95 |
| Max drawdown (3Y) | -98.0% | -97.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMXT | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | – | -87.6% |
| 2024 | – | -71.9% |
| 2025 | -49.3% | +96.9% |
| 2026 | +267.8% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMXT and TENX good diversifiers for each other?
Yes. With a correlation of -0.47, SMXT and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SMXT and TENX?
The SMXT/TENX correlation stands at -0.47 on a 3-year window (1 year: -0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TENX a good diversifier for SMXT?
Yes. With a correlation of -0.47, SMXT and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
A reading of -0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/smxt-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/smxt-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SMXT correlations · TENX correlations
